• Novellus Divests in Colorado

    Evans Senior Investment arranged the sale of an assisted living community in Denver, Colorado, representing Novellus Living in the transaction. ESI previously facilitated the sale of the community less than two years ago. Originally built in 2002, Novellus Cherry Creek comprises 66 units and operates on a 59% private pay basis. In 2022, occupancy... Read More »
  • CBRE Secures Financing for Washington Asset

    CBRE secured financing for a seniors housing community in Tacoma, Washington, on behalf of a joint venture between Harrison Street, PMB and GenCare Lifestyle. Built in 2020, GenCare Lifestyle Tacoma at Point Ruston comprises 159 independent living, assisted living and memory care units. The community fully opened in the fourth quarter of 2020 and... Read More »
  • Live Oak Bank Returns to Santee Seniors Housing Campus

    Live Oak Bank closed a $27.0 million refinance with a repeat client for an assisted living/memory care community, The Ridge at Lantern Crest, situated on a larger campus, Lantern Crest, in Santee, California. Lantern Crest, operated by Lantern Crest Senior Living, is a 34-acre seniors housing campus developed by The Grant Companies. It offers... Read More »
  • The Current Lending Environment for Senior Care Properties

    The financing process has killed dozens (and hundreds) of deals in the last couple of years, and yet M&A activity is near record levels in the seniors housing and care industry. So deals are getting done, and not just with cash. Who has been lending and at what cost to the borrower? What hurdles have to be overcome? And when capital costs do... Read More »
  • Lument Arranges Tennessee SNF Sale (& Loan Assumption)

    A skilled nursing facility in Tennessee that was struggling to maintain debt service and other loan obligations sold with the help of Laca Wong-Hammond and Isabel Carta of Lument Securities serving as exclusive financial advisor to the seller. Located in Rocky Top, about 25 miles from Knoxville, Summit View of Rocky Top is a 117-bed skilled... Read More »

Spectrum opens Meadow Brook Senior Living in Fishers, Indiana

Denver-based Spectrum Retirement Communities announced the completion of its newest community, Meadow Brook Senior Living in Fishers, Indiana—a fast-growing suburb of Indianapolis. The 80,250-square-foot community, located just off Easy Street in the town of Fishers, will offer a total of 88 rental units: 10 independent living, 60 assisted living, and 18 memory care. Residences include studio, one-, and two-bedroom apartments. As with all Spectrum communities, Meadow Brook hosts on-site personal care services and provides licensed professionals who offer occupational and speech therapies, monthly health screenings, and physical rehabilitation. Meadow Brook features two levels of memory... Read More »

Jewish Home Lifecare offers affordable assisted living in the Bronx

Jewish Home Lifecare recently began welcoming residents to University Avenue Assisted Living, a new program on the organization’s five-acre Harry and Jeanette Weinberg Campus in the Bronx, New York. Specifically available to low-income seniors in the borough, University Avenue Assisted Living is one of the first facilities of its kind in the Bronx that is also Medicaid-eligible. The brand-new, five-story building was funded by a $26 million grant from the New York State Department of Health’s Health Care Efficiency and Affordability Law (HEAL) program. University Avenue Assisted Living has 72 studio apartments, each with a kitchenette, private bathroom, resident-controlled heating and... Read More »

Erickson Living’s third CCRC in New Jersey—underway and selling well

Construction is underway on Lantern Hill, Erickson Living’s new, 540,000-square-foot CCRC on 21 acres in New Providence, New Jersey—about 20 miles west of New York City. This will be Erickson’s 18th senior living community and its third in northern/central New Jersey. Upon completion, Lantern Hill will have five interconnected buildings that comprise 275 independent living apartments (one- and two-bedroom units) and 85 continuing care residences that offer assisted living, memory care, long-term care, and short-term rehabilitation. Residents will enjoy a fitness facility with an indoor swimming pool, along with a wide range of services and amenities, such as restaurants, housekeeping, and... Read More »

Vista Ridge Grand Opening Today

Today, June 5, Presbyterian Senior Living (PSL) is celebrating the grand opening of Vista Ridge, an independent living community on the 77-acre campus of Ware Presbyterian Village CCRC in Oxford, Pennsylvania. The $24.5 million expansion adds 31 one- and two-bedroom apartments and eight duplex “carriage houses” to Ware’s existing 79 independent living villas, 52 assisted living units, and 137 skilled nursing beds. A clubhouse with community space and a dining pavilion were also part of the expansion project. Sustainability was a major factor that PSL incorporated into its plans for Vista Ridge. All apartment units will benefit from a geothermal HVAC system that uses underground... Read More »

“Flex-room” design for new DFW Metroplex community

Construction will begin this month on Rochester Springs Assisted Living and Memory Care, a 95-unit senior-care community in Mansfield, Texas—a suburban town in the Dallas-Fort Worth Metroplex. The $11.5 million project is part of a larger office and mixed-use campus. When completed, Rochester Springs will comprise 51 assisted living and 44 memory-care units. The ground floor of the two-story building will have two memory-care neighborhoods—residences and common areas—with secure activity courts. Assisted living residences and common areas will be on the second floor. The building will feature two interior courtyards, two dining venues, a salon, and other amenities. All of the residential... Read More »